Posts tagged "Tanzania"

Tanzania faces industry opposition to its new mining law

After being criticised for failing to implement a mining bill that would bring greater benefit to the country, the Tanzanian government has now passed the law which increases both the royalty on minerals and ensures …
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Only Seven Tanzanians Buy Barrick Shares

ONLY seven Tanzanians managed to purchase the African Barrick Gold (ABG)’s shares floated on London Stock Exchange (LSE) during the recent Initial Public Offering (IPO).

Out of seven, three are individual investors and four were …
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Tanzanians more cursed than blessed

In this opinion piece the author asks whose interests drive the government and politicians in Tanzania and who is at the heart of policy development and formulation when mining corporations enjoy a better relationship with …
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Robbing Africans

An African faith coalition publishes a detailed examination of the ways in which citizens are defrauded of mining profits. The document refers particularly to AngloGold Ashanti, which has a subsidiary listing on the London …
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London Calling deplores the gilding of Tata’s tarnished image

New York-based Rainforest Alliance has certified Tata (Tetley brand) teas as “sustainable”. The first products carrying this highly sought-after stamp of approval will be selling in the UK before April, and throughout the world over …
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Tanzania Mining Industry: Revenues, Resentment and Overregulation?

Tanzania’s young mining industry has grown at an astounding rate since liberal mining legislation was introduced in the late 1990s to attract investment. But against the background of tense relations between mining companies and locals, …
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New Report slams mine taxation rules for penalising African states

In a new report on the inequities and injustices of mining taxation regimes in Africa, a group of African and international NGOs has called for two major changes. First, that the process of creating tax …
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